Chinese multinational firm Yantai Jereh has expressed interest in supporting key infrastructural development in the oil and gas industry in Ghana.
The company believes there are opportunities to explore in pipelines, refineries, petroleum storage, LNG/CNG systems, LPG distribution and natural gas compression.
This came to light when a government delegation led by the Senior Minister, Mr Yaw Osafo-Maafo visited the company’s corporate headquarters in China as part of a Strategic Cooperation Summit.
During the visit to Jereh’s industrial oil and gas manufacturing complex, Mr Osafo-Maafo described Jereh as being a highly experienced and capable organisation in the oil and gas services sector.
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“My impression of this company is first class, and what I have seen of this company is first class,” he said.
In April, 2017, Jereh Group and the Ghana National Gas Company (GNGC) signed a Project Implementation Agreement (PIA) for the Aboadze-Tema Natural Gas Transportation Pipeline and Gas Infrastructure Project.
Under a 15–year Build Operate and Transfer (BOP) model, the terms of this agreement triggered the immediate commencement of preliminary site works, as well as Front-End Engineering Design (FEED) activities which are currently ongoing.
Jereh Group is responsible for the design, financing, construction, operation, maintenance and management of the project.
With that in mind, the senior minister observed that Ghana was the centre of the West African alliance, adding that an exemplary performance by Jereh on the gas pipeline infrastructure project would lead to many other opportunities both in Ghana and other West African countries.
He said the project would further promote the economic and trade cooperation between China and Ghana under the “One-Belt, One-Road” Initiative.
The objective of the initiative is to build trade routes between China and the countries in Central Asia, Europe and Indo-Pacific littoral countries.
Ghana plans to transport natural gas from the Western Region (Takoradi) to the Eastern Enclave (Tema) by building an onshore natural gas transmission pipeline which will also act as a driver for economic development due to the numerous distribution stations which will be constructed along the country’s coast.
Catalysts for growth
At the event, the Co-founder and Chairman of the Jereh Group, Mr Sun Weijie said the group, as one of China’s largest independent companies, would harness its resources and capabilities into numerous other opportunities within the energy sector in Ghana.
“We are happy to have signed a PIA with Ghana for the construction of a critical natural gas infrastructure.
“We believe it will be a catalyst for economic growth and major industrialisation across the coastline of Ghana and the gas infrastructure project is certainly not the end of our collaboration. On the contrary, we perceive this step as the beginning of many great things to come. We believe we can turn Ghana’s strategy of ‘one-district, one-factory’ into a reality,” he added.
After the visit, the Ghanaian delegation was hosted by the Mayor of Yantai City, Madam Zhang Yongxia, and her team of Yantai government officials in the Dongshan State Mansion.
The mayor expressed her gratitude to the delegation and was full of praise to Yantai Jereh for its excellent work in the international energy sector.
Two days prior to the event (June 23, 2017), the Vice-President, Alhaji Dr Mahamudu Bawumia, and a delegation of senior government officials including the Deputy Energy Minister, Mr Mohammed Amin Anta, met with a delegation from the Chinese oil and gas conglomerate, Yantai Jereh in Beijing.